pretty good article about mark douglas workshop:
http://www.powerswings.com/reference/Stone_2005.pdf
there is also a grea video on the net, if you google mark douglas wize trade. the interviewer wasn't exactly understading what douglas's points. but it sure helped me in understanding what douglas has been saying in his book "trading in the zone". i would be interested in ordering some of the cd's from douglas website but they are expensive. also, its pretty funny, douglas sells a recording of his path to consistency workshop for $800 and it is on 7 cassettes, walkman included, lol.
dtf, minute 34 or 35, he talks about not being right or wrong, just probability. i keep listening to it over and over again. random outcome, no reason for dissappointment. no reason to be upset or angry when you get stopped out.
Still reading it, but I really like the article so far.:
ReplyDelete‘Your ultimate trading objective is to get to a point
where you can trade from a care-free, objective state
of mind where you are making yourself available
to perceive and act upon whatever the market
is offering you in any given now moment from its
perspective.’
Good stuff.
i like it. my monitors now have post it notes with the 5 probabilities of trading from douglas's book. i forget what page, but anything can happen, you don't need to know what is going to happen, etc...
ReplyDelete